LEVELATOR FOREX HOW TO
How to install this indicator on Metatrader 4? Input Parameters: Variable (inputs tab), color settings & styleĭownload the “Levelator.ex4” indicator for Metatrader 4 Trade Style: Works for scalping, day trading and swing trading Trading Platform: Developed for Metatrader 4 (MT4) Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
LEVELATOR FOREX FREE
The picture below shows the Levelator Forex Signals mt4 indicator in action on the trading chart.įeel free to use your own favorite trade entry, stop loss and take profit method to trade with the Levelator Forex Signals indicator.Īs always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator. The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.ĭownload the “Levelator.ex4” indicator for MT4 The Levelator Forex Signals indicator can be used for both trade entry and exit or as an additional bull/bear trend confirmation filter for other strategies and systems.
A blue colored trade area indicates a bearish trend.An orange colored trade area indicates a bullish trend.The indicator pops up in the main MT4 chart window in the form of an array of trade area’s 1 up to 4. Open demo account to test this system.The Levelator Forex Signals indicator for Metatrader 4 displays bullish and bearish trade area’s on the chart that works for all time frames and symbols. Stop loss should be placed just above the immediate upper level and take profit should be placed just above the immediate lower level. Enter short trade as soon as the price touches the immediate lower level of levelator.įorex Strategy Master Levelator Stop loss and Take profit.Sell Condition Using Forex Strategy Master Levelator System. Stop loss should be placed just below the immediate lower level of the levelator and take profit should be placed just below the immediate upper level of the levelator like shown in the above chart. Enter the long trade as soon as the price touches the immediate upper level of the levelator.įorex Strategy Master Levelator stop loss and Take profit.The 2colorMA should be yellow in color.An Orange Levelator will have disappearing zones as the price falls downwards from the very top to touch the next lower level.īuy Condition Using Forex Strategy Master Levelator System. A Blue Levelator will have disappearing zones as the price rises upwards from the very bottom to touch the next upper levels. You will see a lot of zones that have disappeared to leave the chart color to show through. Once price has moved through a zone to touch the next level, the color of that zone will disappear. It’s important to understand that in a buy trade or a sell trade, it doesn’t matter if the Levelator is orange or blue. These numbers will continually change as the price of the market changes. This is the number of pips the current market price is away from these levels. At each line that separates the sections, you will see a yellow number. If the market has been moving downwards, the zones will be colored Blue. If the market has been moving upwards, the zones will be colored Orange. The Levelatorindicator will generate the levels on the main chart in which we can:īy default, the Levelator will look to identify the lowest low and the highest high over the last 100 candles and then connect them.Once a high and a low have been identified, the Levelator will draw 6 equally spaced levels or zones between the high and the low. When the 2ColorMA is yellow, we will be looking to buy. When the 2ColorMA is red, we will be looking to sell. This indicator acts as a main trading signal for our trading system. This is the directional indicator that will help us in determining the direction of the market. This is the red and yellow line moving average that moves below and above the price depending upon the market situations. This system basically consists of two custom made indicators.
However, the trending market is always preferable. This trading strategy can be applied in any time frame and in any currency pairs. The trading direction can be whether in the direction of the trend or the counter trend. This is an awesome indicator which generates trade signal based on two indicators.
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